Current Price Movement: Brent Crude: Up 19 cents (+0.26%) at $71.89 a barrel U.S. West Texas Intermediate (WTI): Up 20 cents (+0.29%) at $69.46 a barrel Weekly Performance: Brent on course for a 5% weekly gain, and WTI for a 6.6% weekly gain. Impact of U.S. Trade Tensions: U.S. Tariffs: …

Gold Prices: Spot gold inched up 0.2% to $3,396.25 an ounce, while Gold Futures were steady at $3,348.10/oz by 01:58 ET (05:58 GMT) on Friday. However, gold is heading for a third straight weekly loss, as a surging U.S. dollar dampens demand, despite the safe-haven demand spurred by escalating U.S. …

DowJones

The technical outlook remains unchanged, as the USD/CAD pair continues to respect the prevailing uptrend highlighted in our previous report. The pair recorded a session high near the key resistance zone at 1.3870, reflecting ongoing bullish momentum. Technical Outlook: Intraday movements remain bullish, supported by continued price stability above the …

Oil, Crude, trading

U.S. crude oil futures are attempting to preserve recent gains, in line with the bullish scenario outlined in our previous report. The price is gradually climbing toward the projected target of $70.70, having reached a session high of $70.40 per barrel. Technical Outlook: Current intraday price action is showing mild …

Gold is making limited attempts to recover recent losses; however, these efforts are currently facing strong technical resistance near the $3,315 per ounce level. Technical Outlook: The price is consolidating just below this key resistance area. On the chart, the 50-period Simple Moving Average (SMA) and shorter moving averages continue …

The EUR/USD pair traded within a bearish sideways range during the previous session, maintaining alignment with the prevailing negative outlook. The pair approached the key psychological barrier at 1.1400, recording its lowest level near that threshold. Technical Outlook: Currently, the pair is attempting a limited rebound to recover part of …

According to the latest U.S. Department of Labor (DOL) report released on Thursday, the number of new unemployment insurance applications in the United States rose to 218,000 for the week ending July 26, slightly above the previous week’s figure of 217,000. The print came in below market expectations of 224,000. …

Annual inflation in the United States as measured by the Personal Consumption Expenditures (PCE) Price Index rose to 2.6% in June, up from 2.4% in May (revised from 2.3%), according to the U.S. Bureau of Economic Analysis data released on Thursday. Inflation Increase: The inflation rate for June surpassed the …